It's very hard to not feel very badly for so many that truly live pay check to paycheck and those that rely on seasonal and tourism.
My wife and I used to go to New Orleans every year for our anniversary and stayed away for 4 years after Katrina. As if that one disaster wasn't bad enough, there's some solace knowing that it was essentially a natural disaster that man made levees couldn't contain.
The Gulf spill was simply a series of bad decisions by individuals that may have been driven by corporate demands, without regard to human life or livelihood.
Most often, Fast Money is background noise. My ears perk up when certain triggers are hit.
I met one of the Najarians a few months ago at CNBC and about an hour later ran into him again, yet couldn't recall which one it had been. No problem, it's all about the backslapping, anyway. "are they treating you good, George?" "Absolutely, Jon, er Pete, Jon?..." Hey how about those Ravens?"
Fast Money happens to be the only show that I really don't care for very much, as I do like most of the personalities on the other shows.
Thank you for your comment. What's important to realize, ultimately, is that there's very little reason to be passive. There are many ways to either enhance or protect your assets. Doing so and slowly but methodically building them is far more reliable than waiting to hit home runs.
I stick to a universe of about 50 stocks that I follow and may add 4-5 new stocks each year and retire others.
As stocks are assigned from me, I first look to see if I can re-purchase those shares at a lower price on Monday. Not an unusual occurrence.
But then, I look for those among my "old Reliables" that are at their lower trading range and rotate into those. I just keep doing that over and over. That's why I can post articles with long term looks at stocks despite not being a buy and hold kind of person.
As far as being successful, he came to the point that he realized that he had more than enough on literal and figurative senses and re-invented himself successfully.
Somehow, I don't think the course of human disease is subject to very many of the external factors that a company may be subject too.
One can argue that Jobs' decision to not pursue more traditional treatment approaches for a very predictably onerous form of cancer was an expression of the belief that the disease, too, would cede to him and show the same deference as he had become accustomed to in his life.
Sideways, up, down. FOr me, as long as the share price stays near the purchase price, I tend to be very happy. But there are so many good and reasonable ways to create income and profits.
If you look through some of the reports I've posted, there are certainly specific trades that just didn't work. I usually hang on to losers in the attempt to whittle down the loss through the accumulation of more premium. However, I certainly do take losses, especially as the year is closing out and tax considerations come into play.
I've mentioned before that I tend to be a short term pessimist, but a long term optimist and I invest in that way. The pessimism shows itself by virtue of seeking covered calls as soon as I buy shares. The optimism comes to play when I can stare at a large paper loss and not get nervous. I just sense that the loss will be erased at some point.
Hopefully soon.
But there is bigger issue and that is distinguishing between income flow and profit. I seek to create income streams regardless of whether the market is going up or down. I don't mind paper losses, because I usually believe that they will be erased at some point.
However, you certainly can see your net asset value decrease, but by virtue of collecting the premiums you very likely reduced the loss.
The covered call strategy has its greatest impact when there is a negative trend in the market, but if there is a plunge, it won't prevent disaster, just lessen it.
Of course, you also have to have a good mix of stocks and have to obey some basic tenets regarding diversification and the like.
The biggest risk with the covered call strategy is underperforming during an unexpected bull surge. In fact, I recently posted that I had underperformed for the first three months of this year, as the market just kept moving higher. However, once volatility started returning and we started seeing the triple digit up and down days once more, my weekly returns started outpacing the S&P.
Somehow, I don't thing TV cameras and political opportunism fall into the same category as destruction of environment, the food chain and the livelihoods that depended on their interplay.
I have no doubt that if you asked anyone who directly experienced the spill and its effects on the economy, which would they would invite back, the oil spill or the President/media, I think we're looking at a Saddam Hussein sized electoral victory
Evil Troika [View article]
If that was the case, I'd be talking to myself on my Apple related posts.
Evil Troika [View article]
My wife and I used to go to New Orleans every year for our anniversary and stayed away for 4 years after Katrina. As if that one disaster wasn't bad enough, there's some solace knowing that it was essentially a natural disaster that man made levees couldn't contain.
The Gulf spill was simply a series of bad decisions by individuals that may have been driven by corporate demands, without regard to human life or livelihood.
I Must Feed The Beast [View article]
I met one of the Najarians a few months ago at CNBC and about an hour later ran into him again, yet couldn't recall which one it had been. No problem, it's all about the backslapping, anyway.
"are they treating you good, George?"
"Absolutely, Jon, er Pete, Jon?..." Hey how about those Ravens?"
Fast Money happens to be the only show that I really don't care for very much, as I do like most of the personalities on the other shows.
The Apple 'Free Pass' [View article]
Making Profits From Pessimism [View article]
Seeking Mediocrity [View article]
I stick to a universe of about 50 stocks that I follow and may add 4-5 new stocks each year and retire others.
As stocks are assigned from me, I first look to see if I can re-purchase those shares at a lower price on Monday. Not an unusual occurrence.
But then, I look for those among my "old Reliables" that are at their lower trading range and rotate into those. I just keep doing that over and over. That's why I can post articles with long term looks at stocks despite not being a buy and hold kind of person.
Why I Turned My Back On Jim Cramer [View article]
That is not his off screen persona.
As far as being successful, he came to the point that he realized that he had more than enough on literal and figurative senses and re-invented himself successfully.
Maybe we should all try yelling
The Apple 'Free Pass' [View article]
No more. No less. And then explain.
The Apple 'Free Pass' [View article]
The Apple 'Free Pass' [View article]
One can argue that Jobs' decision to not pursue more traditional treatment approaches for a very predictably onerous form of cancer was an expression of the belief that the disease, too, would cede to him and show the same deference as he had become accustomed to in his life.
Making Profits From Pessimism [View article]
Making Profits From Pessimism [View article]
Evil Troika [View article]
Evil Troika [View article]
If you look through some of the reports I've posted, there are certainly specific trades that just didn't work. I usually hang on to losers in the attempt to whittle down the loss through the accumulation of more premium. However, I certainly do take losses, especially as the year is closing out and tax considerations come into play.
I've mentioned before that I tend to be a short term pessimist, but a long term optimist and I invest in that way. The pessimism shows itself by virtue of seeking covered calls as soon as I buy shares. The optimism comes to play when I can stare at a large paper loss and not get nervous. I just sense that the loss will be erased at some point.
Hopefully soon.
But there is bigger issue and that is distinguishing between income flow and profit. I seek to create income streams regardless of whether the market is going up or down. I don't mind paper losses, because I usually believe that they will be erased at some point.
However, you certainly can see your net asset value decrease, but by virtue of collecting the premiums you very likely reduced the loss.
The covered call strategy has its greatest impact when there is a negative trend in the market, but if there is a plunge, it won't prevent disaster, just lessen it.
Of course, you also have to have a good mix of stocks and have to obey some basic tenets regarding diversification and the like.
The biggest risk with the covered call strategy is underperforming during an unexpected bull surge. In fact, I recently posted that I had underperformed for the first three months of this year, as the market just kept moving higher. However, once volatility started returning and we started seeing the triple digit up and down days once more, my weekly returns started outpacing the S&P.
Evil Troika [View article]
I have no doubt that if you asked anyone who directly experienced the spill and its effects on the economy, which would they would invite back, the oil spill or the President/media, I think we're looking at a Saddam Hussein sized electoral victory